Orchid is a premium housing project located in Creek Beach. Creek Beach Orchid provides buyers an excellent investment opportunity in this booming district. The geographical location is perfect, and the services offered are of the highest quality. Orchid is being constructed by Emaar, Dubai’s largest property developer. A growing number of investors are interested in this project as a successful buy-to-invest option. What are the real estate options available in the complex? Why is it worth investing in this particular project? Keep on reading to find out.
Dubai Creek Harbour
Dubai Creek Harbour is an ultra-modern and stylish place alongside the Dubai Creek. It is designed with pedestrian-friendly streets. The district offers a good connection to Downtown and has everything required to live comfortably close to home, a mix of shopping, business, recreation, parks, open spaces, and community facilities within walking distance .
Main information for investors:
- Types of configurations: one-, two-,and three-room apartment options;
- Location: Dubai Creek Harbour;
- The payment plan: 70/30;
- A down payment: the minimum of 10%;
- Designed by Emaar Properties;
- Areaa: from 66 to 156 sq. m.;
- Completion date: the third quarter 2025;
- Starting price: AED 1,150,000.
Residential complex Orchid Residence at Creek Beach in Dubai
In the best tradition of Emaar, the project demonstrates a brilliant conquest of compromises. Here, everything is perfect, starting with excellent finishes and service. Of course, the residence will have its own gym and a swimming pool. The concierge will meet local residents daily and refer guests and visitors to them. All apartments will own at least one parking space.
The locals will have access to a superb sandy beach and the 700-meter Creek Beach crystal lagoon. Also, the largest shopping mall in the world, intended to be just a few hundred meters away, will be within easy reach. The city center is less than 10 minutes away, so Orchid truly meets all high standards. For buy-to-live or buy-to-invest housing, Orchid is an excellent opportunity that will please any investor.
Apartments for sale off-plan in Dubai
A chic and cosy apartment with a rare atmosphere is what homebuyers will get in Creek Beach Orchid.
Several apartment types will be available. There are one- to three-bedroom options. Several four-bedroom penthouses will also be available. All apartments will receive optimal lighting due to huge floor-to-ceiling windows. Large balconies also complete these bright residential units. The layouts have been designed by Emaar to avoid wasting space as much as possible. Rare high-quality hardwood flooring will be pre-installed by Emaar in the living rooms.
Prices start at AED 1,100,000.
Creek Beach is a unique urban beach in the heart of Dubai Creek Harbour. The coast, stretching along the Dubai Canal, was just supposed to be a place for a calm and relaxed rest. In fact, the project surpassed all expectations. The purest sands, infinity pools, and inspiring views make it possible to believe that heaven exists on Earth.
Why are apartments in the Orchid residential complex worth acquiring?
The residence has plenty of advantages, such as:
- Perfect location in Dubai Creek;
- Affordable prices for a fancy place;
- Attractive interest-free payment plan;
- Excellent white sand beach and 700 m. man-made lagoon close by;
- Perfect amenities inside the building;
- Large balconies in every apartment;
- Downtown just minutes away;
- A project by the famous Emaar developer.
What is in the complex?
- Well-kept gardens;
- A public swimming pool;
- A playroom;
- A yoga club;
- A BBQ area;
- Security systems;
- A lounge area;
- A cycle path;
- A gym;
- Concierge service;
- Guarded parking lots;
- Views of Dubai Creek.
Places and facilities nearby
- Places for day-to-day shopping;
- Swimming pool;
- A parking area;
- CCTV cameras;
- A shopping mall;
- Children playgrounds;
- A mosque;
- Sports facilities;
- A BBQ area;
- Sightseeing sites for recreation;
- Lush green parks.
- Burj Al Arab;
- A beach;
- The Palm Jumeirah;
- Tennis courts;
- Al Makhtoum Airport;
- Dubai Marina;
- Walking and bicycle paths;
- Public parks;
- Dubai International Airport.
One-bedroom apartment prices start at AED 1,100,000. Two-bedroom apartments can be purchased for as minimum as AED 1,600,000. And at least AED 2,500,000 for three-bedroom options.
Emaar offers a schedule allowing to pay for an apartment in a few years. This interest-free funding is proposed directly by the developer without an additional bank.
The detailed payment scheme goes as:
- 10% while booking + 4% notary fees (DLD);
- 10% after 3 months;
- 10% every 3 months until January 2025;
- 30% at the handing over of the keys in September 2025.
How can foreigners purchase properties in Dubai?
Dubai real estate market opened to foreign clients in 2002. Since then, it has attracted many international and overseas buyers. Foreigners can purchase property in leased zones, which are usually situated near the city center, or in freehold zones scattered throughout the emirate. The number of apartments available to foreigners has grown considerably over time. Currently, there are various apartments, villas, and townhouses put up for sale.
The emirate’s tax-free status has undoubtedly played a key role in drawing overseas investments. Residential properties in Dubai remain tax-free following the introduction of value-added tax in the UAE in 2018. These units either have a zero rate or are completely exempt from tax.
In Dubai, foreign ownership is allowed in freehold zones, areas with the rights to own properties. Foreigners (non-UAE residents) and expat residents can acquire property ownership without restrictions, as well as become holders of the occupancy or renting rights for up to 99 years.
Certificates of title are issued by the Dubai Land Department. There is no age limit for owning a home in the metropolis.
On average, a real estate transaction takes up to 30 days from the date of signing the buying and selling contract.
About the real estate developer
Emaar Properties (Emaar) is a real estate developer in Dubai. The company deals with real estate investments, development, and business management. Their focus is the residential and commercial real estate development, shopping malls, and hotel projects. The company offers a broad range of services, like financial services, property investments, management, and development services. It develops and sells condominiums, villas, homes, shopping centers, hotels, offices, recreational facilities, commercial properties, and land plots. It also supplies the city with utilities and financial services. The company operates in the UAE, Saudi Arabia, India, Pakistan, Turkey, Lebanon, Jordan, Italy, Syria, Morocco, Egypt, and the USA. Emaar is headquartered in Dubai, the UAE.
A selection of off-plan projects in Dubai
Start your house hunting and quickly compare prices in Dubai today! All details are available on multiple websites.
Visit the rest of the site Updated Ideas for more useful and informative articles. If you want to write for us, just hit the contact button in the top right corner.